Rabobank Group Consolidates and Reports Globally With Tagetik

Another of the world's largest financial institutions recognizesTagetik's unique ability to meet the performance managementrequirements of large global banks

Tagetik, a global provider of enterprise software solutions for Performance Management, Disclosure Management, Financial Governance and Business Intelligence, today announced that Rabobank Group (http://www.rabobank.com) is implementing Tagetik 4.0 to manage their financial, statutory and management consolidation as well as external reporting to the Dutch Central Bank within a single, unified solution.

The software, which is distributed by iNovasion in The Netherlands (http://www.tagetik.com/nl), replaces the Rabobank's existing consolidation and inter-company matching solution. The second phase will include the implementation of Tagetik's Collaborative Disclosure Management application.

"Rabobank held an extensive business process redesign and solution selection phase. Business users and the IT team came to the joint conclusion that the Tagetik solution fits Rabobank's requirements the best," says René Witlox, Head Business Development & Support at Rabobank. "This gives us confidence that the project will run smoothly for all the different Rabobank stakeholders with the help of the Tagetik team."

"Rabobank Group conducted a comprehensive selection process to select a software provider that could perfectly meet all their requirements, show a realistic project approach and involve excellent people to work with," adds Marco van der Kooij, General Manager at Tagetik The Netherlands. "Tagetik outperformed the competition leveraging rich, 'built-in' functionality to support a global consolidation and reporting process as well as strong commitment from the management team to go for the extra mile and make this project a great success."

"With Rabobank, Tagetik continues to strengthen its position as a global provider of solutions for financial institutions," explains Sabrina Rosati-EVP, Professional Services at Tagetik (http://www.tagetik.com/about/management/sabrina-rosati). "We are a new breed of CPM provider and leverage a clearly differentiated approach to meeting the more exacting needs of major multinationals across business industries and specifically in the banking sector. This includes deep domain experience and specific solutions designed to meet the complex financial consolidation requirements of financial services organizations in a single, unified solution."

Rabobank Group's subsidiary in the United States, 'Rabobank, N.A.' (http://www.rabobankamerica.com) - which provides full service banking through its network of 120 branches and 15 financial centers - also has recently implemented Tagetik software (replacing its legacy SRC software solution) to manage consolidation of actuals, budgeting, forecasting, driver-based planning down to the branch level and automate reporting processes leveraging full integration with Microsoft SharePoint.

About Rabobank Group

Rabobank Group is a full-range financial services provider that operates on cooperative principles. Its origins lie in the local loan cooperatives that were founded in the Netherlands nearly 110 years ago by enterprising people who had virtually no access to the capital market.

Rabobank Group is comprised of independent local Rabobanks plus Rabobank Nederland, their umbrella organization, and a number of specialist subsidiaries. Overall, Rabobank Group has approximately 59,700 employees (in FTEs), who serve about 10 million customers in 44 countries. In terms of Tier I capital, Rabobank Group is among the world's 30 largest financial institutions. Rabobank is consistently awarded a high rating by all rating agencies.

Rabobank Group combines the best of two worlds; the local involvement and personal touch of the local Rabobanks with the expertise and economies of scale of Rabobank Nederland and its subsidiaries.

About Tagetik Tagetik is 100% dedicated to simplifying and streamlining business processes for the Office of Finance to accelerate informed decisions that achieve strategic goals. Our award-winning Tagetik 4.0 Performance Management software is the ideal solution for global companies that seek a clearly superior level of financial expertise in a single unified solution for planning, forecasting, consolidation, close, reporting, profitability management, disclosure, financial governance, and analysis.

Tagetik is a rapidly growing global company with operations in more than 20 countries and 500 customers yet provides an exceptional experience by focusing solely on the needs of finance and doing it better than anyone else.To learn more: http://www.tagetik.com